Personal Assets (LON:PNL) Sets New 52-Week High – Still a Buy?

Personal Assets (LON:PNL)’s stock price hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as GBX 563.10 and last traded at GBX 561, with a volume of 445,633 shares trading hands. The stock had previously closed at GBX 557.

Personal Assets Trading Up 0.7%

The stock’s fifty day moving average price is GBX 547.91 and its 200-day moving average price is GBX 542.47. The firm has a market cap of £1.73 billion, a price-to-earnings ratio of 17.27 and a beta of 0.34.

Insider Activity

In related news, insider Iain Ferguson acquired 1,809 shares of Personal Assets stock in a transaction that occurred on Thursday, October 22nd. The shares were purchased at an average cost of GBX 550 per share, for a total transaction of £9,949.50. Also, insider Sharon Brown purchased 10,000 shares of Personal Assets stock in a transaction dated Friday, August 28th. The stock was bought at an average cost of GBX 556 per share, for a total transaction of £55,600. Over the last 90 days, insiders purchased 15,427 shares of company stock worth $8,544,850. 0.47% of the stock is owned by insiders.

Personal Assets Company Profile

Personal Assets is what its name implies. It is an investment trust run for private investors, who may often have committed to it a substantial proportion of their personal wealth. Its investment policy is to protect and increase (in that order) the value of shareholders’ funds per share over the long term. It differs from other investment trusts in that its activities are defined not by any particular portfolio specialisation or investment method but by a desire to satisfy the personal requirements of those who invest in it.